GENERAL ACCOUNTING PLAN

According to Section 6, Vol. 1 of the Manual on the NEW GOVERNMENT ACCOUNTING

SYSTEM For Local Government Units (2002), The General Accounting Plan shows the
overall accounting cycle in the Local Government Unit. Transactions shall emanate from
the different offices/departments of the local government units (LGUs). These
offices/departments will provide/produce the source documents and other accounting
forms leading to the perfection of the transaction, whether it be budgetary, collections
or disbursements. The source documents and accounting forms shall be the basis for the
preparation of reports by the Office of the Treasurer. The Office of the Accountant shall
record the transactions to the registries or to the corresponding books of original entry.
Posting to the books of final entry and preparation of the financial reports shall also be
undertaken by the Office of the Accountant.

The General Accounting Plan (Table 1) is presented as to the following type of transactions:

a. Appropriations, Allotments and Obligations

b. Collections and Deposits
c. Disbursements –
 By cash
 By check
d. Miscellaneous and Other transactions